Firm fully committed to a market listing this year, says Arm CEO Rene Haas

The chief executive of Softbank-owned British chip technology firm Arm told Reuters on Tuesday that the company is committed to a stock market float this year.

“The plans are actually fairly well developed and underway now,” Rene Haas said in an interview after Arm’s corporate parent reported its fourth straight quarter of losses. “We’re doing everything we can and are committed to have it happen this year.”

Arm’s fiscal third quarter sales were up 28% to $746 million, one of the few growth areas for Softbank as its vast portfolio of early stage technology startup investments weighed on its results.